What is Sui Project?
Sui is the first permissionless layer-1 blockchain designed and created to enable creators and developers to create experiences that appeal to billions of users on the web. The Sui blockchain network developed by Mysten Labs was founded by the creators of the Facebook Diem project, such as Aptos. The programming language used by the network written on Rust is the Move programming language, like Aptos. Considering that Aptos is also a layer-1 blockchain, there are many similarities between the two projects. The SUI project has recently reached a valuation of $2 billion, with funds from key investors such as FTX Ventures, Jump Crypto, Apollo and Binance Labs. Many crypto experts also think that Sui will have great potential among layer-1 projects.
Highlights of Sui
When we take a look at the prominent features of the Sui project, we see that it is a unique, scalable and immediate solution project. Apart from these, using a secure smart contract language accessible to main developers, the ability to define rich and composable on-chain assets, and a better user experience for Web3 applications are among the highlights of this project, which offers unprecedented low latency. Sui is also the only blockchain that can scale with the growth of Web3 while achieving industry-leading performance, cost, programmability and availability. The test wallet of the project, which is currently in the devnet stage, can be used as a browser add-on.
What is Sui Coin?
Sui, a borderless platform for creating rich and dynamic on-chain assets from gaming to finance, also has a native crypto asset. This asset, named Sui Coin, uses the proof-of-stake algorithm, offering an environmentally friendly approach and aiming to provide maximum efficiency. When I look at the total token supply, we see that the supply of SUI is limited to 10 billion tokens. Some of this 10 billion token supply is planned to be liquid at mainnet launch, and the remaining coins will be distributed as share reward subsidies in the coming years. Meanwhile, investors also have the opportunity to participate in the Proof of staking mechanism with Sui Coin and to stake for a period.
SUI’s Airdrop Plan
The official Discord channel of the SUI project, which attracted all eyes after Aptos, was locked as a result of the intense interest it received. In addition, the SUI team has released a statement about AirDrop plans, which has caused great interest on its Twitter account. A statement said: “We love to see the excitement in the SUI community lately. However, we notice incorrect information regarding SUI airdroplaro and its tokens. SUI is currently not purchased or listed anywhere. Also, we don’t have any official AirDrop plans, it’s too early for that.” expressions were used.
The airdrop of the project, which arouses excitement and curiosity in the crypto money industry, will not be held in the near future, but you can have information about the latest developments by following the announcements to be made on the official Twitter and Discord channels of the project in the coming days.
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